About the Singapore Dollar
The Singapore Dollar was introduced in 1967, replacing the Malaya and British Borneo dollar. It operates under a unique monetary policy regime focused on managing the exchange rate against a basket of currencies.
The name 'Dollar' was adopted from the Malaya and British Borneo dollar.
Interesting Facts
A Unique Monetary Policy
Unlike most central banks, the MAS primarily uses the exchange rate as its main tool for monetary policy, rather than interest rates, managing the SGD against a basket of currencies.
Interchangeable with Brunei Dollar
Due to a long-standing agreement, the Singapore Dollar and the Brunei Dollar are interchangeable at par in both countries, a unique arrangement in international finance.
The Portrait Series
Singapore's banknotes feature the portrait of its first President, Yusof bin Ishak, and depict various aspects of the nation's progress, education, and garden city status.
Historical Timeline
Singapore gains independence.
The Singapore Dollar is introduced.
The Monetary Authority of Singapore (MAS) is established.
The MAS begins issuing polymer banknotes.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- SGD
- Symbol
- S$
- Numeric Code
- 702
- Subunit
- Cent (1/100)
- Introduced
- 1967-06-12
Central Bank
- Name
- Monetary Authority of Singapore
- Headquarters
- Singapore
- Founded
- 1971
- Current Governor
- Ravi Menon (since 2011)
Economic Data
- Reserve Currency Share
- 0.1%
- Forex Volume Share
- 1.8%
- Inflation Rate
- 3.1%
- Interest Rate
- 3.83%
Exchange Rates
What Affects the SGD Exchange Rate?
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